Axa self-invested fund

Axa Sun Life is adding a self-invested personal pension to its Retirement Solutions range. The new product is aimed mainly at the transfer/income drawdown market, but can also accept single contributions. There will be no requirement for a proportion of the pension fund to be invested in Axa investment funds. However, the Sipp fees will reflect the amount placed in an Axa Sun Life Trustee Investment plan (Tip), and with a Tip investment of £200,000 or more, the establishment and annual fees can be waived completely. Initial commission of 5.2% is available on the Tip or, alternat...